Advertisement
YOU ARE HERE: LAT HomeCollectionsFreddie Mac
IN THE NEWS

Freddie Mac

BUSINESS
January 16, 2014 | By E. Scott Reckard
  Signs that the economic recovery was weakening caused mortgage interest rates to drop early this week, with lenders telling Freddie Mac they were offering 30-year fixed loans to solid borrowers at an average rate of 4.41%. That was down from 4.51% a week earlier, Freddie Mac said in its weekly survey , released Thursday. The government-backed finance company attributed the decline to reports showing only slight gains in job formation and retail spending in December. The average for a 15-year fixed-rate mortgage fell to 3.45% from 3.56%, Freddie Mac said.
Advertisement
BUSINESS
September 26, 2013 | By E. Scott Reckard
The Fed's decision to continue its economic stimulus program unabated has sent fixed mortgage rates plunging to their lowest level in two months, according to Freddie Mac's weekly survey , with the 30-year loan averaging 4.32%, down from 4.5% a week earlier. Lenders were offering 15-year fixed mortgages to solid borrowers at 3.37% early this week, down from 3.54% last week. Initial rates for variable mortgages fell as well, Freddie Mac said Thursday. QUIZ: How well do you understand the Fed stimulus?
REAL ESTATE
May 7, 1995
In response to Jan Hickenbottom's April 16 "Condo Q & A" column regarding earthquake insurance for certain condominium associations and Freddie Mac, we appreciate the opportunity to clarify some of the impressions left to the reader--and more importantly, to the condominium homeowner. The column stated that "The impact on low- and moderate-income home buyers could be disastrous. . . ." The Freddie Mac insurance requirement is for selected condominiums--not low- and moderate- income loans.
BUSINESS
September 4, 1985
Kenneth J. Thygerson resigned Tuesday as president of the Federal Home Loan Mortgage Corp., a quasi-governmental agency better known as Freddie Mac, to join a San Diego-based S&L. Thygerson, who has headed Freddie Mac since August, 1982, is leaving effective Sept. 15 to become president and chief executive of Imperial Corp. of America, a savings and loan holding company with branches in California, Kansas and Colorado and assets of $8.5 billion. He succeeds Matthew Shevlin Jr.
BUSINESS
March 28, 2013 | By E. Scott Reckard
Borrowers with solid credit were being offered 30-year fixed home loans at an average 3.57% this week, up from 3.54% a week ago, according to Freddie Mac 's latest survey. The average offering rate for a 15-year mortgage -- a popular option for those refinancing homes -- rose from 2.72% to 2.76%, the home-finance firm said Thursday. The starting rate for loans that are fixed for five years before becoming variable rose to 2.61% from 2.68%, the survey found.  QUIZ: How much do you know about mortgages?
BUSINESS
March 7, 2013 | By E. Scott Reckard
Unlike the rampaging stock market, mortgage rates are in a holding pattern, with lenders offering the 30-year fixed loan this week at an average 3.52%, up from 3.51% last week, Freddie Mac said in its weekly survey. The interest rate on a 15-year fixed loan, a popular choice for borrowers refinancing mortgages, held steady at 2.76%, Freddie said Thursday. Borrowers would have paid 0.7% of the loan amount in upfront fees to the lender. QUIZ: How much do you know about mortgages?
BUSINESS
March 12, 2010 | By E. Scott Reckard
The average interest rate on a 30-year fixed-rate mortgage dropped to 4.95% this week from 4.97% last week, Freddie Mac said Thursday. The mortgage giant's weekly survey asks lenders what rates they were offering -- and the upfront fees they would charge -- for borrowers with good credit and a 20% down payment. Upfront fees averaged 0.7% of the loan amount. The average rate offered on 15-year fixed-rate mortgages, popular as a refinance loan for borrowers wanting to pay off their mortgages faster, was 4.32%.
BUSINESS
August 19, 2004 | From Reuters
Freddie Mac, the No. 2 U.S. mortgage finance company, said Wednesday that it might face civil action from the Securities and Exchange Commission for possible violations of securities laws. The company said it had received a "Wells notice" indicating that SEC staff is considering recommending action against it to the full commission that may include a permanent injunction and monetary penalties.
BUSINESS
May 3, 2012 | By E. Scott Reckard
Stop me if you've heard this before, but mortgage rates are again at record lows, with lenders offering 30-year loans at an average of 3.84%, Freddie Mac's weekly survey shows. That's down from 3.88% last week and a previous record low of 3.87% in February. All of the rates would have seemed unimaginable as recently as 2008, when the 30-year rate averaged more than 6%, or 2009, when the typical rate exceeded 5%.  The 15-year fixed mortgage also dropped to a new record, according to Freddie Mac, the big government-supported loan buyer.
Los Angeles Times Articles
|